Microsoft plans to finish its acquisition talks with TikTok within the next three weeks, ahead of a Sept. 15 deadline, CNBC reported. Estimates on how much the deal would actually amount to range widely — from $10 billion all the way to $30 billion.
ByteDance is holding discussions with Microsoft and other US tech companies as it scrambles to find a buyer of its operations in the US. ByteDance has to hammer out a deal to sell its US operations by September 15. If they don’t meet that deadline, President Donald Trump says he’ll instate a nationwide ban on the viral video-sharing app.
A Microsoft blog reported Aug. 2 that the company would “move quickly to pursue discussions with TikTok’s parent company, Bytedance,” based in China.
